Centralized payment firms like Visa, Mastercard and PayPal have an opportunity to offer innovative stablecoin payment networks, the research firm said.
The serial entrepreneur, payments veteran and pugnacious tweeter will focus on building Paxos' white-labeled stablecoin business.
Buying in these stablecoins may foretell where the crypto market is going.
The payments company works with wallets and exchanges to enable crypto purchases, and could eventually use digital currencies over blockchain in the same way it processes traditional money.
The job listing follows comments made by Fed Chair Jerome Powell in recent weeks where he said the central bank needed “better regulatory answers” for global stablecoins.
Representatives say the $25B stablecoin is "regulated" but the issuer doesn't look like a financial institution bound by norms and laws.
The backing will help Terraform Labs build more apps on its Tendermint-based blockchain.
BoE Governor Andrew Bailey said cryptocurrencies "as originally formulated" are not the ideal form of digital currency.
Tron USDT volume eclipses Ethereum for the third consecutive week.
ARTH tries to maintain its value over time compared to other stablecoins that lose value as the dollar is inflated.
The U.K. government is focusing on stablecoins for the next phase of its development of crypto regulations.
The previous record of 1.5 billion USDT was set the week before last.
The latest OCC statement, which opens the door for banks to use blockchains to validate payments, hints at more than just better services.
The latest research report looks at data and timelines and what they mean for asset prices.
Origin is relaunching its yield-generating stablecoin following a November attack that drained OUSD holders of $7 million.